Fri, Mar 27, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

Suppressing the price of gold: JPMorgan chase, Goldman and the Fed complicit in “gold price rigging”

Posted on 28 April 2014

William S. Kaye, the Senior Managing Director of the Pacific Alliance Group of Companies in Hong Kong says the motive is simple as a free-market price of gold would essentially cast the interventions for what they are and stabilize policy measures taken by Central banks.
However, he explains and predicts that the price suppression scheme can’t go on forever and that in the ‘end game’ the 100 fold paper gold market must eventually be settled with physical gold and that it will require an extremely high price of gold to entice owners of physical gold outside the banking system to be willing to meet that massive anticipated demand……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 39856 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031